Regal Entertainment Group (NYSE:RGC) Reaches Overbought Range

Lloyd Doyle
December 8, 2017

Glenmede Tru Co Na accumulated 1,100 shares. Diodes Inc now has $1.41B valuation.

In the latest week U.S. Bancorp (NYSE:USB) stock volatility was recorded 1.97% which for the previous full month was noted 1.53%. About 387,467 shares traded. It has outperformed by 35.60% the S&P500. Credit Suisse Group decreased their price target on shares of Regal Entertainment Group from $17.00 to $13.00 and set an underperform rating for the company in a report on Thursday, September 28th. Therefore 27% are positive. Regal Entertainment Group's now has a PEG ratio of 2.72 where as its P/E ratio is 27.20. After keeping Technical check on movement of stock price comparison to its moving averages like 20, 50 and 200 SMA, we detected following trends of RGC. Avago Technologies Limited had 156 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Friday, July 31 by RBC Capital Markets. The company was downgraded on Tuesday, February 23 by JBL Advisors. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.30, which implies that analysts are generally neutral in their outlook for RGC over the next year. Regal Entertainment Group now has an average analyst recommendation of 2.30 according to analysts. The firm has "Buy" rating by M Partners given on Tuesday, September 5. Wedbush maintained the stock with "Buy" rating in Monday, April 24 report.

Investors who took positions in shares of Regal Entertainment Group (NYSE:RGC) are riding high as the stock has performed solidly over the past few months, marking a 51.14% increase for the quarter. Its up 0.58, from 0.83 in 2017Q1. California Employees Retirement invested in 55,400 shares.

37,620 were reported by Steinberg Asset Management. Hamlin Capital Management LLC raised its holdings in shares of Regal Entertainment Group by 1.4% in the 3rd quarter. Northern Corp stated it has 777,284 shares. Prelude Limited invested in 330 shares or 0% of the stock. Tiaa Cref Management Limited Liability Corporation holds 0.01% or 443,835 shares in its portfolio. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Pub Employees Retirement Association Of Colorado invested in 0% or 24,666 shares. Schwab Charles Investment Mgmt Inc invested in 243,595 shares.

Netflix, Inc (NASDAQ:NFLX) has in the recent times indicated remarkable performance and this is also the other company that it needs to stage competition with in a world characterized with shifting market dynamics. Chesapeake Energy Corp (NYSE:CHK) was raised too. During the same quarter in the previous year, the firm earned $0.29 EPS. IFP Advisors Inc lifted its stake in shares of Regal Entertainment Group by 164.3% in the second quarter. Finally, Loop Capital upgraded Regal Entertainment Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $23.00 to $25.00 in a report on Tuesday, May 16th. Therefore 32% are positive. Diodes had 9 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has "Sector Perform" rating by Howard Weil on Monday, March 28. On Thursday, July 27 the stock rating was maintained by Piper Jaffray with "Hold". The rating was maintained by Piper Jaffray on Wednesday, October 18 with "Hold". The rating was maintained by Robert W. Baird on Thursday, June 8 with "Buy". This repurchase authorization permits the company to reacquire up to 2.2% of its shares through open market purchases. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 18.65 and a beta of 0.92. The firm develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. It has a 20.97 P/E ratio.

Regal Entertainment Group, together with its subsidiaries, operates as a motion picture exhibitor in the United States.


Investors sentiment is 1 in 2017 Q2. Its down 0.12, from 1.08 in 2017Q1.

Moffett Nathanson upgraded shares of Regal Entertainment Group (NYSE:RGC) from a sell rating to a neutral rating in a report issued on Wednesday.

Hedge funds have recently made changes to their positions in the company. 126.40 million shares or 7.66% more from 117.40 million shares in 2017Q1 were reported.

Loomis Sayles & Company LP increased Oil States International Inc (OIS) stake by 12.64% reported in 2017Q2 SEC filing. Legal And General Public Lc holds 0% or 95,014 shares. Schnieders Capital Mgmt Ltd Co invested in 13,520 shares or 0.15% of the stock.

Secor Advsrs Lp, New York-based fund reported 104,260 shares.

Regal Entertainment Group (NYSE:RGC)'s 14-day RSI reading has moved the stock into overbought range, reaching 85.57 after yesterday's close. 352 were reported by Oakworth Cap. US Bancorp DE now owns 22,705 shares of the company's stock worth $464,000 after purchasing an additional 5,284 shares during the last quarter. The Price to Cash Flow for Regal Entertainment Group (NYSE:RGC) is 7.555781. Amp Capital Invsts Ltd owns 10,466 shares. The 14-day ADX for Regal Entertainment Group (RGC) presently sits at 38.94. Raymond James Na has invested 0.16% in Regal Entertainment Group (NYSE:RGC). They expect $0.41 earnings per share, up 24.24% or $0.08 from last year's $0.33 per share. RGC's profit will be $64.10 million for 13.81 P/E if the $0.41 EPS becomes a reality. At the time of writing, Regal Entertainment Group (RGC) has a 14-day ATR of 1.04. The stock had a trading volume of 16,140,800 shares, compared to its average volume of 3,256,752. The stock has "Hold" rating by Topeka Capital Markets on Monday, July 27.

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